Founded in 1898 by Frank Seiberling, The Goodyear Tire & Rubber Company is an American multinational tyre manufacturing company based in Akron, Ohio. It is one of the oldest, biggest and best-known tyremakers in the world. Goodyear makes tyres for automobiles, commercial trucks, light trucks, motorcycles, SUVs, racing cars, aeroplanes, farm equipment and heavy earth-mover machinery. Find all the news and analysis you need relating to Goodyear here.
Goodyear Dunlop brand Sava wants to raise its profile with 18 to 34 year old drivers. To help achieve this aim, US comedians Kenny Santucci und Ben Rameaka have been engaged as Sava brand ambassadors. It is hoped the pair will add weight to the newly-launched brand claim that “Sava drivers have more fun.”
A formal opening ceremony for Goodyear Tire & Rubber’s Pulandian plant in China was held on 15 August. Around 700 guests attended the celebration, including government officials and president of Goodyear’s Asia Pacific business, Dan Smytka. During a speech, company chairman and CEO Richard Kramer declared the factory’s commissioning to be of “extraordinary significance” to Goodyear.
In a move that recognises Spanish’s status as the second most widely spoken language in the United States, Goodyear Tire & Rubber has introduced a Spanish language website targeted at North American consumers. Through this site, Goodyear hopes to “provide better appeal to a growing Hispanic tyre-buying population.”
Kings Road Tyres (KRT) is one of the largest specialist wholesale distributors of truck tyres in the UK. With a track record stretching back 40 years, the company provides a complete commercial tyre service covering premium brands such as Bridgestone, Continental and Goodyear, through mid-range products from Firestone and its exclusive distributorship of the Continental Group brand, Matador. It is also the exclusive distributor of the fast-growing Chinese manufactured Aeolus and Antyre ranges, with retreads from Bulldog completing the portfolio.
Goodyear Tire & Rubber shares that its role as official tyre supplier to the US-based World of Outlaws Sprint Car Series will end after the 2012 season. Announcing the decision on 14 August, GoodyearRacing marketing manager Justin Fantozzi said “for three years, Goodyear’s high quality tyres have helped to maintain the World of Outlaws Sprint Car Series as the most exciting and competitive series on dirt. We wish the World of Outlaws continued success in the future.”
On 13 August Polish tyre maker TC Dębica informed the Warsaw Stock Exchange of further reductions to its planned 2012 production of passenger car, truck and agricultural tyres. These changes approved by the company’s Board of Directors come on top of cuts announced in March and May, and reduce Dębica’s planned 2012 passenger car tyre production by an additional four per cent, truck tyre production by one per cent and agricultural tyre production by nine per cent.
Organisers of the recently concluded Latin American & Caribbean Tyre Expo have hailed it as a “great success”. This year more than 3000 tyre dealers are said to have visited from over 80 countries. More than 200 exhibitors from around the world participated in the expo.
The Goodyear Tire & Rubber Company has announced that it will make a business presentation to be webcast from the JP Morgan 2012 Auto Conference in New York on 13 August. Darren R Wells, executive vice president and chief financial officer, will provide a business overview and discuss the company’s strategies for approximately 35 minutes.
Roderick A. Palmore, executive vice president, general counsel, chief compliance and risk management officer, and secretary for food multinational General Mills, Inc., has been elected to Goodyear Tire & Rubber’s Board of Directors.
Yesterday the Mars Curiosity rover successfully went into action on the surface of the red planet, and the vehicle’s tyre tracks have gained a measure of notoriety. It turns out that Curiosity is ‘tagging’ the surface of Mars as it drives about.
An analyst in India opines that JK Tyre & Industries is currently a very good investment, and he states that shares in the company may be capable of achieving gains as high as 40 per cent over the coming half year or so. Aashish Tater, head of research at Kolkata-based Fort Share Broking, told Indian business news broadcaster CNBC-TV18 that there is a “bullish call” on the tyre sector, and he named Goodyear India and JK Tyre & Industries as the broker’s “prime picks.” Tater particularly feels that the second of these offers opportunities for investors.
Recently Tyres & Accessories reported Michelin’s statement that it’d achieved an ‘A’ wet grip rating with several of its passenger car tyres as far back as 2010. The French company is not the only manufacturer making such a claim; Goodyear reports that it also reached the coveted A level back in 2010, this time for fuel efficiency. The tyre maker says its LHT II trailer tyre, which has been on the market for two years now, carries an ‘A’ label rating for fuel efficiency in sizes 385/55R22.5 and 435/50R19.5.
Amongst the numerous new releases to be unveiled at next month’s IAA Commercial Vehicle Show in Hanover, Germany will be Goodyear Dunlop’s first dedicated coach tyres. The Goodyear Marathon Coach all-position tyre and Goodyear Ultra Grip Coach winter drive tyre will be on display between 20 and 27 September, and Goodyear Dunlop says it will reveal information at the show “underlining the outstanding wear characteristics and comfort features that coach fleet operators have reported during extended customer testing.”
With the launch of the Omnitrac MST II, Goodyear reported that the new trailer tyre for mixed service applications offers up to 15 per cent better mileage than its predecessor but also up to 25 per cent better mileage than a main premium competitor. According to the company, the MST II features Omnitrac Max Technology and complements the Goodyear MSS II and MSD II mixed service steer and drive tyres.
In its recent second quarter results announcement, Titan International reported the termination of the truck tyre off-take agreement held with Goodyear since its purchase of Goodyear’s Latin America agricultural tyre business last year. Under the terms of the original deal, which was to run for three years, Titan would produce cross-ply light and medium truck tyres for Goodyear at its plant in São Paulo, Brazil and supply these at below market prices.
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